Accountancy and business advice firm PwC have carried out new studies which suggest that the current housing shortage is more an issue of postcode than it is of general supply. They believe that too many houses are being built in the wrong places and a better allocation of resources, for example more in London, would go a long way to helping to fix the problem.

Phase 2 of the huge Wood Wharf development in London Docklands is to begin in 2019. The next phase of the scheme will consist of seven buildings of which 390,000 sq ft will be offices, 165,000 sq ft residential and 235,000 sq ft retail and leisure use.

A new study has unveiled a new wave of gentrification, stemming from climate change. Coined ‘climate gentrification’, it identifies the trend of high-income households moving away from low-lying coastal areas to higher ground further inland – traditionally occupied by those less well-off – to avoid rising sea levels and flooding. A perfect example of this is developers and buyers are avoiding the risky Miami Beach, which is already seeing real effects of rising sea levels, opting for the more inland Little Haiti instead. This indicates a new space problem facing low lying cities in the near future.

The property market’s horror year continues as new research by Zoopla reveals that the total value of the UK property market has fallen by £27bn since the beginning of the year, with Brexit uncertainty blamed for the decline.